Founded in 1919, Halliburton is one of the world`s largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. With more than 40,000 employees, representing 140 nationalities in over 80 countries, we help our customers maximize value throughout the lifecycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion and optimizing production throughout the life of the asset. We serve major, national and independent oil and natural gas companies throughout the world and operate under two divisions.
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- Business Type:
- Industry Type:
- Oil, Gas & Refineries
- Market Focus:
- Globally (various continents)
- Year Founded:
- Over 1000
- more than $1,000,000,000 US
This company also provides solutions for other industrial applications.
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These divisions form the basis for the two operating segments we report, the Completion and Production division and the Drilling and Evaluation division. Our Business
Halliburton comprises 14 product service lines (PSLs). The PSLs operate in two divisions: Drilling and Evaluation, and Completion and Production. Our Consulting and Project Management PSL works across both divisions and is the spearhead of our integrated-services strategy. Its financial results are included in the Drilling and Evaluation Division. PSLs are primarily responsible and accountable for strategy, technology development, process development, people development and capital allocation.
At Halliburton, we collaborate and engineer solutions to maximize asset value for our customers in order to achieve superior growth and returns for our shareholders by delivering technology and services that improve efﬁciency, increase recovery and maximize production for our customers.
Our mission identiﬁes what we do today, why we do it and for whom, while our vision deﬁnes what we aspire to be. Our values are our corporate DNA, the foundation for how we relate to each other and every individual and entity with whom we interact. These are the principles that every Halliburton employee and the companies with which we do business are expected to use, live by and demonstrate on a daily basis.
We listen and respond to our stakeholders’ suggestions and recommendations to create value through our services and business practices. We incorporate continuous improvement into all facets of our business, from research and development, to building our Halliburton teams, to delivering sustainable solutions to our customers.
To achieve superior growth and returns for our shareholders by delivering technology and services that improve efficiency, increase recovery, and maximize production for our customers.
To deliver a customer experience second to none, as globally competitive, creative, and ethical thought-leaders.
- Integrity:Ethics and integrity are the foundation of our brand and the guiding principles for all we do.
- Safety:Priority number one. We are focused on our own personal safety as well as the safety of others.
- Collaboration:We work together with customers and understand that everyone has a role in providing the best solution.
- Competition:We compete to win. We know that competition makes everyone stronger.
- Creativity:We are resourceful. We are innovative and strive to apply the right technology and solution every time.
- Reliability:We deliver what we promise. We believe the quality of our service defines who we are.
- Respect:We value diversity and equality. It makes us stronger, more innovative, and better positioned for success. We are committed to inclusion across race, gender, nationality, religion, identity, experience, and any other unique attribute. We are honest with ourselves, welcome different viewpoints, and empower each other to be authentic.
Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
Halliburton's fascinating and proud history reveals a continuous focus on innovation and expansion that began with the company's founder, Erle P. Halliburton. After borrowing a wagon, a team of mules and a pump, he built a wooden mixing box and started an oil well cementing business in Duncan, Oklahoma.
In the 1930s, Halliburton established its first research laboratories where the company tested cement mixes, began offering acidizing services to break down the resistance of limestone formations and increase the production of oil and gas, and performed its first offshore cementing job using a barge-mounted cementing unit at a rig in the Creole Field in the Gulf of Mexico. This was the beginning of what was to become the world's most extensive offshore service.
Halliburton took the initial steps toward becoming a worldwide company in 1926. We sold five cementing units to an English company in Burma, the start of our Eastern Hemisphere operations, and Erle P. Halliburton sent his brothers to open our business in Alberta, Canada. We opened in Venezuela in 1940. By 1946, the company – using its innovative technology – had expanded into Colombia, Ecuador, Peru and the Middle East and began performing services for the Arabian-American Oil Company, the forerunner of Saudi Aramco.
In 1951, Halliburton made its first appearance in Europe as Halliburton Italiana SpA., a wholly owned subsidiary in Italy. In the next seven years, Halliburton launched Halliburton Company Germany GmbH, set up operations in Argentina and established a subsidiary in England.
In 1984, Halliburton provided all of the well completion equipment for the first multiwell platform offshore China. Two years later, Halliburton became the first American company to perform an oilfield service job on the China mainland
The final decade of the 20th century brought more changes and growth to Halliburton. The company opened a branch office in Moscow in 1991.
The company realigned its work into Eastern and Western Hemisphere operations in 2006, and in 2007, divided its service offerings into two divisions: Completion and Production, and Drilling and Evaluation.
Today, Halliburton offers the world's broadest array of products, services and integrated solutions for oil and gas exploration, development and production.